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Tanker Shipping

14 April 2010

Floating storage is coming down on the narrowing of market contango, but persists in playing an important part in tanker demand

Tanker Shipping - Low demand growth and an ever increasing fleet impact the market conditions negatively

16 August 2012

Overall annual oil demand growth in 2012 is now expected to come in at 0.9% by the IEA (+800,000 barrels per day), close to last year’s 0.8%, which was a 10-year low (excluding the contracting years of 2008/2009). The rise is exclusively originating from non-OECD countries. The outlook was modestly curtailed by early July on the back of the weaker global economic situation. This translates into a rather slim fundamental support to the tanker segment, but fortunately tanker shipping is so much more than overall oil demand.